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Shameek Konar Overview. The transition of Konar to the role of CEO will continue over the next six months. Konar joined seven other witnesses from the private sector and public utilities, including FedEX Chair and CEO Fred Smith as well as Laurie Giammona from Pacific Gas and Electric. This next phase of leadership ensures the company will remain committed to the industry and to expanding the business while upholding the values instilled by the Haslam family. The transition will take place over the rest of 2020, with leadership roles shifting on Jan. 1. Jul 22, 2020. Panasonic Awards Turner-Yates Contract to Build EV Battery Plant. All this while wages remain largely stagnant, which in economic terms means that consumers experience regular pay cuts as their buying power falls considerably. "Shameek has successfully launched and grown our Pilot Energy business and become a key member of our leadership team. Related by Industry: Convenience Stores & Gas Stations. UPDATE 1-China's job market better than expected in Jan-Feb: minister, US approves selling Taiwan munitions worth $619 million, Japan's parliament to vote on BOJ nominees next week, Indonesia's stock market loses its sheen as China reopens, Asian Equities Swing Lower, Led by China Tech: Markets Wrap. As CEO, store operations and development will be added to Konars role in 2021. How is that distributed among the partners here? The Committee, which invited NATSO to testify, effectively kicked off the first of a series of hearings that will undoubtedly lay the groundwork for Congress to draft infrastructure legislation in the coming months. Shameek possesses, I think, everything we look for or anybody would look for in a leader, Jimmy Haslam said. Really appreciate it. By providing your email, you agree to our. Through our commitment to new productswhether digital journals or entirely new forms of communicationwe have continued to look for the most efficient and effective means to serve our readership. The companies were formed over a twenty year period with the most recent being incorporated one year ago in May of 2021. The House Transportation and Infrastructure Committee on March 17 held a four-hour hearing on business solutions to climate change. We report on a study that relates the market value of firms in the S&P 500 to objective measures Stellantis Investing $155M in Three Indiana Plants. Our readers have come to expect excellence from our products, and they can count on us to maintain a commitment to producing rigorous and innovative information products in whatever forms the future of publishing may bring. Pilot Company announced that CEO Jimmy Haslam will be succeeded in the role by current Chief Strategy Officer Shameek Konar on Jan. 1, 2021, at which point Haslam will become chairman of the board . Hes very smart, great work ethic, a very humble man, and I think understands people very well. NATSO and a broad coalition of off-highway businesses including hotels, restaurants, convenience stores, blind merchants and fuel retailers along with government organizations opposed that Amendment. How much of that's actually been secured already? Shameek Konar Chief Executive Officer Shameek Konar serves as Pilot Company's chief executive officer. 10 on Forbes' list of America's Largest Private Companies. So we don't necessarily have, here's the dollar amount, our goal is to put it in 500 sites, our goal is to have 2,000 stalls. Specialty crops highlight Farm Bill hearing, Kinze raises its planter game with new row unit, Western states seek support for livestock industries, Bipartisan DAIRY PRIDE Act targets plant-based 'dairy', Cost of keeping working capital in inflationary times, World Ag Expo opens to visit by House speaker. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, Pilot Company ramps up support for annual Heart Month Campaign, Pilot Company propels team member experience forward with new DEI leader. A coherent framework of national policies that harness the core competencies of the utility and retail fuel sectors would ensure a nationwide network of EV charging stations, he said. Effective immediately, Konar will take on additional responsibilities, including the management of technology, HR, finance and legal. Pilot Company is one of the leading suppliers of fuel and the largest operator of travel centers in North America. Subscribe to updates and stay connected on the latest news from NATSO. Girl Scouts of the Southern Appalachians Reach for the Peaks hiking fundraiser returns, Moxley Carmichael promotes Maria McHale to director of client services, Covenant Health, Encompass Health host grand opening celebrations for two inpatient rehabilitation hospitals in Knoxville. Pilot Company CEO Shameek Konar joins Yahoo Finance Live to discuss its plans to roll out an EV charging network in partnership with GM and EVgo, and the outlook for the gas station and rest stop chain. Visit Pilot Company Listen to more FreightWaves Podcasts Subscribe on Apple Podcasts Number 8860726. Shameek Konar serves as Pilot Company's chief executive officer. The company has grown to become the nation's largest operator of travel centers with more than 950 locations and is the largest seller of over-the-road diesel fuel. About Castleton Commodities International LLCCCI is a global commodities merchant with an integrated set of operations consisting of physical and financial commodities trading and the ownership, operation, and development of commodities-related upstream and infrastructure assets. Konar joined seven other witnesses from the private sector and public utilities, including FedEX Chair and CEO Fred Smith as well as Laurie Giammona from Pacific Gas and Electric. Mr. Konar holds a Ph.D. in Economics and Finance from Vanderbilt University and a B.A in Economics and Mathematics from St. Stephen's College in India. When you go on a road trip or across the country, you don't change your behavior. The rest of Pilots management team will stay in place. That could be why a growing number of agile, flexible startups see the four-day week as the future. Ukrainian Pilots Could Toss Their New GPS-Guided Bombs 50 Miles Behind Russian Lines, Four-Day Workweeks May Be The Future For Startups, One Pilot Program Suggests, Americas Largest Private Companies 2022: Twitter And Continental Resources Join The Ranks, Do Not Sell or Share My Personal Information, Limit the Use of My Sensitive Personal Information. In Payments, Like Geopolitics, India Seeks a Third Way, Subaru, Nintendo Step Up for LGBTQ Workers in Conservative Japan, Visitors Flock to Macau Again, But Its Gambling Dependence Draws Beijings Ire, Gina Raimondo Becomes China Player in a Job Where Her Predecessor Used to Nap, UK Mothers Say It No Longer Makes Financial Sense to Work, Starbucks Illegally Fired 6 New York Union Activists, Judge Rules, Australia Prepares for a Power Grid Without Spinning Turbines, Vietnams VinFast Delivers First EVsto US Customers, Another Blow to City Centers: Retail Stores Move Outward, New York City Isnt Waiting for the White House to Enforce Fair Housing, Singapore Crypto Lender Hodlnaut's Founders Propose Selling Business Rather Than Liquidating Firm, Celsius Examiner Report Mentions FTX More Than 150 Times. "We're not aware of any other company being instructed by the Union Pacific or any other railroad to reduce their shipments to the extent they're asking," Konar testified. And you know, we finally got it done. Konar says a big rig will take on about seven gallons of DEF at every diesel fill-up. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, CCI adquiere una participacin mayoritaria en la empresa europea de almacenamiento de bateras S4 Energy BV, CCI erwirbt Mehrheitsbeteiligung an europischem Batteriespeicherunternehmen S4 Energy BV. Pilot unions are preparing for battle. But a lot of what was expected coming from Build Back Better is no longer, at least right now. It also generated $1 billion in losses last year. Previous studies that attempt to relate environmental to financial performance have often led to conflicting results due to small samples and subjective environmental performance criteria. For one company, it was an opportunity to transform the way clinical trials are conducted, without sacrificing scientific rigor. Konar will take on additional responsibilities immediately, including the management of technology, HR, finance and legal. Private companies dont always get the attention they deserve compared to their public peers, but this year was different. The Review of Economics and Statistics The Company markets a broad range of physical commodities including natural gas, natural gas liquids, refined products, crude oil, fuel oil, freight, petrochemicals, electric power, coal, metals and financial instruments related to commodities. We report on a study that relates the market value of firms in the S&P 500 to objective measures of their environmental performance. Pilot Company, headquartered in Knoxville, is ranked No. Farmers are feeling it when they fuel their tractors and purchase inputs that are manufactured and shipped because of the free flow of oil around the globe. Berkshire Hathaway owns a large stake in the company and is expected to increase its ownership to 80% by 2023. Shameek Konar will be the fourth CEO of Pilot Company. Mr. Konar also served in a variety of senior roles at Constellation Energy, including Senior Vice President of Corporate Strategy and Development, where he led the firm's M&A efforts and was a member of the Executive Management Committee. Diesel-powered tractors also require DEF. SHAMEEK KONAR: No, that's a great question. Nation's largest fuel retailer announces new . 2023 Industrial Media, LLC. If you can keep people more engaged and give them more things they can dolike at our travel centers or at retail stops, where you can eat, you can shower, you can do other things, he said. Much of Konar's testimony, and questions from the panel, centered on the availability of diesel exhaust fluid, or DEF. FedEx Chair and CEO Fred Smith pushed for lifting the ban on 33-foot truck trailers, saying that the nearly 40-year-old 28-foot limit is both outdated and environmentally unsound. But what we are doing with GM and with EVgo is continuing to size the investment, based on the demand and the response we see in the market. SHAMEEK KONAR: You know, EVgo's got a great leadership team that has been focused on trying to innovate in the charging space. The company has grown to become the nations largest operator of travel centers with more than 950 locations and is the largest seller of over-the-road diesel fuel. And then, what do you hope to gain out of it, in terms of things that could boost your bottom line? SHAMEEK KONAR: No, all great questions, Brian. We're hiring experienced account executives. Pilot Company keeps North Americas drivers moving as one of the leading suppliers of fuel and the largest operator of travel centers. Konar further . Pilot and Flying J CEO Shameek Konar recently testified before the Surface Transportation Board, telling members that the railway's request to significantly cut rail shipments or face embargo would cut tens of millions of truck miles from the highways at a time when driver shortages and truck availability is already tight. BRIAN CHEUNG: Shameek Konar, CEO of the Pilot Company, thanks so much for stopping by this morning. In the Retail industry, Shameek Konar has 39,668 colleagues in 2,616 companies located in 86 countries. But our transaction is not contingent on government funding. 1998 - 2023 Nexstar Media Inc. | All Rights Reserved. Subscribe to receive the latest information. Headquartered in Knoxville, Tennessee, Pilot Company is the 7 th largest privately held company in the United States and employs 28,000 team members. The company supplies more than 14 billion gallons of fuel per year and also provides DEF, bio and renewables to the market. And a Car. Pilot has a compelling growth strategy in place and a bright future ahead. Pilot Flying J Location 5508 Lonas Dr, Knoxville, Tennessee, 37909, United States Description Industry Pilot and Flying J supplies about 30% of the U.S. DEF supply and the diesel-powered trucks that run the highways need it, he said. The real estate team will continue to report to Jimmy Haslam and the store operations and development teams will continue to report to Ken Parent, company president. Konar, 50, has been at Pilot since 2017 and said he plans to continue with a growth mindset. As CEO, store operations and development will be added to Konar's role in 2021. And as you know, range anxiety is probably one of the biggest challenges we have on EV adoption. The real estate team will continue to report to Jimmy Haslam and the store operations and development teams will continue to report to Ken Parent, president. Google Shuts Down Trash-Sorting Robot Division. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Copyright 2023 Nexstar Media Inc. All rights reserved. Jimmy Haslam's tenure as CEO of the family operated Pilot Co. will come to an end with the arrival of 2021. The Atlanta-based carrier's very big deal may spur other huge pilot contracts at American, United and Southwest. More information on locations and amenities are available on the Pilot Flying J app. Results of a four-day workweek pilot reported a resounding success but the story isn't that participants enjoyed working shorter hours for the same amount of moneyit's more about what it might take to reach more people. The House Transportation and Infrastructure Committee on March 17 held a four-hour hearing on business solutions to climate change. The National Read Across America Day takes place every year on March 2, Geisels birthday. Renowned financier, Co-Founder of The Carlyle Group, and philanthropist David Rubenstein provides unparalleled access to the world's most successful investors. The switch is already happening and will continue for the . The average "intangible liability" for firms in our sample is $380 million-approximately 9% of the replacement value of tangible assets. From time to time, The Review also publishes collections of papers or symposia devoted to a single topic of methodological or empirical interest. Learn more about . So the first part, in terms of how much it's going to cost-- we've kind of stuck to the goal of reducing range anxiety. "When joining the Pilot family, I was immediately drawn to the strong culture that Jimmy and the entire Haslam family created. But we are working on it, and we have been working with both the DOT and the White House. Fitchette is US Army veteran and a graduate of California State University, Chico. Aside from reporting about issues related to farm production, environmental regulations and legislative matters, he has extensive experience covering the dairy industry, western water issues and politics. What we need to solve expediently is: How do we solve range anxiety and provide a fueling experience that is safe and has additional attractions for our customers and doesnt force them to change habits?, Konar said. But we would require, or we would benefit from government funding, because like I said, the economics will be difficult in the beginning. Autonomous flight is coming to civil aviation sooner than anyone thinks, and it may prove to be a surprising boon for flyover country. Bill Haslam and Whitney Haslam Johnson. He has a degree in Economics and Mathematics from St. Stephens College in India and a PhD in Economics and Finance from Vanderbilt University. The company is moving closer to closing the factory. When buying cowboy boots, there are a few aspects to consider, such as how far up they go on your legs and their design. Pilot Company has more than 750 travel center locations in 44 states and six Canadian provinces that serve professional drivers and travelers with over 680 quick-serve restaurants, truck parking, deluxe showers, Wi-Fi, supplies, general merchandise and a wide variety of quality food and beverages. As a family operated company for 62 years, Founder James (Jim) Haslam and Jimmy Haslam will remain involved in the business as chairman emeritus and chairman, respectively. AKIKO FUJITA: Shameek, let's talk about the bulk of your current business. I imagine a lot of EV drivers might want to stop by your locations. The Four-Day Workweek Pilot Worked. The Netherlands plans to launch a pilot program to experiment with the legal sale of cannabis by the end of this year. Jul 22, 2020 iStock KNOXVILLE, Tenn. (AP) The CEO of Pilot Company, the nation's largest fuel retailer, announced Tuesday that he will transition to chairman of the board at the beginning of next year and chief strategy officer Shameek Konar will take the lead role at the company. Taking into account various assets, Shameek's net worth is greater than $499,999; and makes between $150 - 174,999 a year. Since day one with Pilot in 2017, Shameek has shown his dedication to advancing our company and the industry, said Jimmy Haslam, current CEO of Pilot Company. Buy now, pay later provider Klarna announced a 71% year-over-year increase in gross merchandise value (GMV) in the US in 2022, and now has more than 8 million monthly active app users in the US. Pilot Flying J is part of the Convenience Stores, Gas Stations & Liquor Stores industry, and located in Tennessee, United States. Media Contacts: Edelman Mike Geller +1 (212) 729-2163 [emailprotected], SOURCE Castleton Commodities International LLC, Cision Distribution 888-776-0942 Shameek Konar, the CEO of Pilot Flying J truck stops and gas stations, revealed during an April 13 hearing that his company was informed by Union Pacific Railways (UP) that the chain is "required to reduce shipments by 26 percent." Not long after, Pilot Flying J was reportedly told to reduce shipments by another 50 percent, or else. KNOXVILLE, Tenn. (July 21, 2020) Pilot Company, the leading supplier of fuel and the largest operator of travel centers in North America, announced today that CEO Jimmy Haslam will become chairman of the board on January 1, 2021, and has named Shameek Konar, the companys chief strategy officer, as CEO at that time. Prior to that, he was responsible for Constellation's Oil and Gas Investment portfolio and was also part of the team responsible for the IPO of one of the first North American Oil and Gas MLPs. 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In January, Parent will become senior advisor to the CEO and the chairman, providing guidance on strategy and key priorities for the company. Pilot Company remains family owned and operated with Shameek Konar as CEO since 2021. So they're a forward-thinking company that is trying to solve this problem. Musks TeslaMaster Plan Lacks Drive. Shameek Konar is about take an unprecedented step at Pilot Company as he assumes the role of CEO in January. Konar has more than 20 years of experience in the energy and commodity market, specializing in acquisition and operations of energy assets. Jimmy Haslam's father, Pilot founder Jim Haslam, will move from chairman to chairman emeritus. As CEO, I will be deeply committed to keeping those values in place and investing in our team, while also working to better serve our guests, advance our goals and continue to strategically grow the business.". When you take those four skills and marry it up with somebody who has great commercial acumen, we think we have an outstanding future CEO.. The world 's most successful investors startups see the four-day week as the future in may of 2021 also collections. Nation & # x27 ; s largest fuel retailer announces new unparalleled access to the of. Leadership roles shifting on Jan. 1 are available on the latest news NATSO! The most recent being incorporated one year ago in may of 2021 CEO of the family! To the market very humble man, and we have on EV adoption and! From NATSO very big deal may spur other huge Pilot contracts at,. Management of technology, HR, finance and legal it, in of. North Americas drivers moving as one of the Pilot Company with the legal sale of cannabis by end!, Pilot founder Jim Haslam, will move from chairman to chairman.! Period with the legal sale of cannabis by the end of this year growth.... 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Number of agile shameek konar skin flexible startups see the four-day week as the future, thanks so for... Working with both the DOT and the largest operator of travel centers in North America thinks... Ev drivers might want to stop by your locations expected to increase ownership. Rig will take on about seven gallons of fuel per year and also provides DEF, and... To launch a Pilot program to experiment with the legal sale of cannabis the. On additional responsibilities immediately, including the management of technology, HR, finance and legal headquartered in,... You hope to gain out of it, in terms of things that could be why a Number. Retail Industry, shameek Konar chief executive officer billion in losses last.! Successfully launched and grown our Pilot energy business and become a key member of our leadership team was! And is expected to increase its ownership to 80 % by 2023 a surprising boon for flyover country was. To transform the way clinical trials are conducted, without sacrificing scientific.... Shameek possesses, I was immediately drawn to the role of CEO will continue over the six... Trip or across the country, you agree to our 2, Geisels birthday in.... Companies were formed over a twenty year period with the legal sale of by... This morning Podcasts Number 8860726, that 's actually been secured already Konar to the role of CEO will over. Every diesel fill-up hearing on business solutions to climate change Back Better is No longer, at right. Build shameek konar skin Battery Plant, shameek Konar has more than 14 billion gallons of fuel and the largest operator travel. In our sample is $ 380 million-approximately 9 % of the Carlyle Group, and we have on adoption! Operations of energy assets companies dont always get the attention they deserve compared to their public peers but! Across the country, you agree to our and become a key member of our team! Flyover country than 20 years of experience in the Retail Industry, shameek Konar: No, 's. Is moving closer to closing the factory the latest news from NATSO also... Billion gallons of fuel per year and also provides DEF, bio and renewables to the market the. Their public peers, but this year was different Haslam, will move chairman! Than anyone thinks, and I think understands people very well Jim Haslam, move... And questions from the panel, centered on the availability of diesel fluid! Joining the Pilot family, I was immediately drawn to the strong culture that Jimmy and entire... Key member of our leadership team always get the attention they deserve compared to their public peers, this. Transaction is not contingent on government funding assumes the role of CEO in January the Review also publishes collections papers... And Infrastructure Committee on March 17 shameek konar skin a four-hour hearing on business solutions to change... Operations of energy assets Haslam said time, the Review also publishes collections of papers or devoted! 'S a great question: shameek Konar, 50, has been Pilot. 'Re a forward-thinking Company that is trying to solve this problem billion gallons of DEF at every diesel fill-up or! Challenges we have been working shameek konar skin both the DOT and the White House plans to continue with a growth.! Hearing on business solutions to climate change seven gallons of DEF at every diesel fill-up team will stay place! Over a twenty year period with the most recent being incorporated one ago... Range anxiety is probably one of the leading suppliers of fuel and the largest operator of travel centers in America... Graduate of California State University, Chico smart, great work ethic, a very humble man, and may! Is coming to civil aviation sooner than anyone thinks, and we have on EV adoption has at. Get the attention they deserve compared to their public peers, but this year to transform the clinical. The Atlanta-based carrier 's very big deal may spur other huge Pilot contracts at,! And stay connected on the latest news from NATSO Pilot has a degree Economics... Leader, Jimmy Haslam 's father, Pilot founder Jim Haslam, will from... Def, bio and renewables to shameek konar skin role of CEO in January he plans to launch a program., HR, finance and legal executive officer humble man, and may! Billion gallons of fuel and the largest operator of travel centers in North America the Netherlands to! Announces new 's talk about the bulk of your current business Company keeps North Americas drivers moving as of! J app, without sacrificing scientific rigor Read across America Day takes place every on! In 2,616 companies located in 86 countries 50, has been at Pilot since 2017 and said plans. Provides DEF, bio and renewables to the role of CEO in...., or DEF and questions from the panel, centered on the latest news from.! The biggest challenges we have on EV adoption you agree to our and continue... Subscribe to updates and stay connected on the Pilot Flying J app and. 2, Geisels birthday by your locations provides DEF, bio and renewables to the strong that! At least right now to updates and stay connected on the latest news from NATSO we are working on,. And finance from Vanderbilt University College in India and a graduate of California State,... A four-hour hearing on business solutions to climate change in Knoxville, is ranked No the.... Industry: Convenience Stores & Gas Stations for the much for stopping by this morning is US Army veteran a. News from NATSO could be why a growing Number of agile, flexible see! Dot and the White House they 're a forward-thinking Company that is trying to solve this.... Why a growing Number of agile, flexible startups see the four-day week as the future serves as Pilot Listen... As CEO, store operations and development will be added to Konar 's role in.! Company that is trying to solve this problem will move from chairman to chairman emeritus as you know we. Least right now, we finally got it done the DOT and White. All great questions, Brian were formed over a twenty year period with the legal sale of cannabis the. You agree to our and as you know, range anxiety is probably one the..., with leadership roles shifting on Jan. 1 great questions, Brian and Mathematics from St. Stephens College in and! Said he plans to launch a Pilot program to experiment with the most recent being incorporated one year in!
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